FILINVEST Land, Inc. (FLI) is set to invest an additional P5 billion in the next three (3) years in Mindanao as it expands its Futura Homes economic housing, its Spatial Medium-Rise Building (MRB) portfolio with new projects in South Cotabato and Davao City.
This is on top of the P4.7 billion-worth of ongoing land development including the One Oasis project in Cagayan de Oro, thus granting Filinvest a 17 project-strong foothold spread over 7 towns and cities.
Filinvest has recently acquired 7.5-hectare site in Koronadal City, South Cotabato and a 17-hectare site in Catalunan Grande, Davao City for its economic housing projects that cater to the market segment that can afford units worth P1.5 million and below. Both are targeted to launch within the 4th quarter of this year.
Filinvest has allocated a huge part of the development budget for two (2) new MRB condo communities in Davao City – a 2-hectare site in Matina area and another 1.7-hectare site near Davao City Hall.
“With the government’s renewed focus towards Mindanao, we expect the demand for affordable housing to grow as new industries and investments arrive in Southern Mindanao (Region XI) and SOCCSKSARGEN (Region XII) areas.,” explained Mr. Tristan Las Marias, Senior Vice President and Cluster Head for Visayas and Mindanao.
Centro Spatial, the 1.7-hectare mid-rise condominium enclave set to rise in the center of Davao City, near City Hall will have five (5) 8-storey mid-rise buildingss. Spatial communities provide a secure and very accessible home in an environment where over 65% is provided for open space and amenities and is perfect for the budget conscious start-up families.
The second MRB project that will rise on a 2-hectare site in Matina, Davao City will likewise offer spacious units at affordable prices with large open spaces and activity areas. /PR
